NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of The Interpublic Group of Companies, Inc. (NYSE: IPG) resulting from allegations that Interpublic Group may have issued materially misleading business information to the investing public.
On December 6, 2016, The Wall Street Journal reported that the U.S. Department of Justice (“DOJ”) was investigating possible price-fixing in video-advertising production, naming Interpublic Group as a possible “subject of the government’s inquiry.” On this news, shares of Interpublic Group fell $0.73 per share or 3% to close at $23.27 per share on December 6, 2016.
On December 16, 2016, The Wall Street Journal reported that Interpublic Group had acknowledged that it had been contacted by the DOJ’s antitrust division seeking documents related to video production practices.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Interpublic Group investors. If you purchased shares of Interpublic Group on or before December 16, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-1073.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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